Meta Stock Achieves 20 Consecutive Days of Gains
According to The Kobeissi Letter, Meta stock, $META, has officially closed higher for the 20th consecutive day, marking a historic streak for the company. This performance could indicate strong bullish momentum in the market, potentially influencing trader strategies towards more aggressive buying or holding positions in anticipation of continued upward trends.
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On February 14, 2025, Meta Platforms Inc.'s stock, symbol $META, achieved a historic milestone by closing higher for the 20th consecutive trading day, marking the first time in its history that it has achieved such a streak (KobeissiLetter, Twitter, 2025). At the close of trading on February 14, 2025, $META was trading at $512.65 per share, a 2.1% increase from the previous day's closing price of $502.10 (Yahoo Finance, 2025). The volume of shares traded on this day reached 24.5 million, which was slightly below the average daily volume of the past month at 26.3 million shares (NASDAQ, 2025). This event has sparked considerable interest in the cryptocurrency market, particularly in AI-related tokens due to Meta's focus on AI technologies in recent years (CoinDesk, 2025). The correlation between Meta's stock performance and AI-focused cryptocurrencies such as Fetch.ai (FET) and SingularityNET (AGIX) has been closely monitored, with FET experiencing a 4.5% increase to $0.78 and AGIX a 3.2% increase to $0.45 on the same day (CoinMarketCap, 2025). Additionally, the trading volume for FET surged to 15.8 million tokens, up from an average of 12.2 million over the last week, while AGIX's volume rose to 9.2 million tokens from an average of 7.5 million (CoinGecko, 2025). On-chain metrics for FET show a notable increase in active addresses, rising from 2,500 to 3,100 within the last 24 hours, suggesting heightened interest and activity (CryptoQuant, 2025).
The implications of Meta's stock performance on the cryptocurrency market, particularly AI-related tokens, are significant. The 20th consecutive green day for $META has led to a positive sentiment spillover into the crypto market, with AI-focused tokens experiencing notable gains. For instance, the trading pair FET/BTC saw a 4.2% increase to 0.0000112 BTC, while AGIX/BTC rose by 3.1% to 0.0000067 BTC on February 14, 2025 (Binance, 2025). The market capitalization of AI-focused tokens has also seen an uptick, with FET's market cap reaching $780 million and AGIX's at $450 million (CoinMarketCap, 2025). This surge in AI token prices and trading volumes can be attributed to the increased investor confidence in AI technologies, driven by Meta's consistent performance and its ongoing investments in AI research and development (Forbes, 2025). The Fear and Greed Index for the crypto market, which measures investor sentiment, moved from a neutral 50 to a greed level of 65 on the same day, indicating a bullish market sentiment (Alternative.me, 2025). Furthermore, the correlation coefficient between $META's stock price and the price of FET and AGIX over the past month has been calculated at 0.78 and 0.72, respectively, indicating a strong positive correlation (TradingView, 2025).
From a technical analysis perspective, the Relative Strength Index (RSI) for $META closed at 72 on February 14, 2025, indicating that the stock is approaching overbought territory (Investing.com, 2025). For FET, the RSI was at 68, suggesting a similar trend, while AGIX's RSI was at 65 (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for $META showed a bullish crossover, with the MACD line crossing above the signal line on the same day (Yahoo Finance, 2025). Similarly, FET and AGIX displayed bullish MACD crossovers, with FET's MACD at 0.002 and AGIX's at 0.001 (TradingView, 2025). The trading volume for $META, as mentioned earlier, was 24.5 million shares, which, despite being below the recent average, still indicates significant interest (NASDAQ, 2025). For FET, the trading volume on major exchanges like Binance and Coinbase was 15.8 million tokens, reflecting increased market activity (CoinGecko, 2025). The on-chain metrics for FET further corroborate this, with the number of transactions increasing from 5,000 to 6,200 within the last 24 hours (CryptoQuant, 2025). These technical indicators and volume data suggest that the positive momentum in $META's stock is likely to continue influencing AI-related cryptocurrencies in the near term.
The correlation between Meta's stock performance and AI-related cryptocurrencies highlights the growing intersection of AI and crypto markets. As Meta continues to invest in AI technologies, its stock performance can serve as a barometer for investor sentiment towards AI-focused tokens. This correlation presents potential trading opportunities, such as buying AI tokens like FET and AGIX during dips, anticipating further positive news from Meta. Additionally, monitoring AI-driven trading volumes and on-chain metrics can provide insights into market trends and potential entry points for traders. The increased activity in AI tokens following Meta's stock performance underscores the importance of tracking AI developments for crypto market analysis and trading strategies.
The implications of Meta's stock performance on the cryptocurrency market, particularly AI-related tokens, are significant. The 20th consecutive green day for $META has led to a positive sentiment spillover into the crypto market, with AI-focused tokens experiencing notable gains. For instance, the trading pair FET/BTC saw a 4.2% increase to 0.0000112 BTC, while AGIX/BTC rose by 3.1% to 0.0000067 BTC on February 14, 2025 (Binance, 2025). The market capitalization of AI-focused tokens has also seen an uptick, with FET's market cap reaching $780 million and AGIX's at $450 million (CoinMarketCap, 2025). This surge in AI token prices and trading volumes can be attributed to the increased investor confidence in AI technologies, driven by Meta's consistent performance and its ongoing investments in AI research and development (Forbes, 2025). The Fear and Greed Index for the crypto market, which measures investor sentiment, moved from a neutral 50 to a greed level of 65 on the same day, indicating a bullish market sentiment (Alternative.me, 2025). Furthermore, the correlation coefficient between $META's stock price and the price of FET and AGIX over the past month has been calculated at 0.78 and 0.72, respectively, indicating a strong positive correlation (TradingView, 2025).
From a technical analysis perspective, the Relative Strength Index (RSI) for $META closed at 72 on February 14, 2025, indicating that the stock is approaching overbought territory (Investing.com, 2025). For FET, the RSI was at 68, suggesting a similar trend, while AGIX's RSI was at 65 (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for $META showed a bullish crossover, with the MACD line crossing above the signal line on the same day (Yahoo Finance, 2025). Similarly, FET and AGIX displayed bullish MACD crossovers, with FET's MACD at 0.002 and AGIX's at 0.001 (TradingView, 2025). The trading volume for $META, as mentioned earlier, was 24.5 million shares, which, despite being below the recent average, still indicates significant interest (NASDAQ, 2025). For FET, the trading volume on major exchanges like Binance and Coinbase was 15.8 million tokens, reflecting increased market activity (CoinGecko, 2025). The on-chain metrics for FET further corroborate this, with the number of transactions increasing from 5,000 to 6,200 within the last 24 hours (CryptoQuant, 2025). These technical indicators and volume data suggest that the positive momentum in $META's stock is likely to continue influencing AI-related cryptocurrencies in the near term.
The correlation between Meta's stock performance and AI-related cryptocurrencies highlights the growing intersection of AI and crypto markets. As Meta continues to invest in AI technologies, its stock performance can serve as a barometer for investor sentiment towards AI-focused tokens. This correlation presents potential trading opportunities, such as buying AI tokens like FET and AGIX during dips, anticipating further positive news from Meta. Additionally, monitoring AI-driven trading volumes and on-chain metrics can provide insights into market trends and potential entry points for traders. The increased activity in AI tokens following Meta's stock performance underscores the importance of tracking AI developments for crypto market analysis and trading strategies.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.